Tech stocks: eBay, IBM slide; Google earnings next

Shares of eBay and IBM have taken a hit in early morning trading following quarterly earnings reports that fell short of Wall Street expectations.

IBM stock has plunged nearly 6.5% after reporting Wednesday its revenue dipped 4% during the third quarter to $23.7 billion. Analysts had predicted IBM revenue to reach $24.8 billion. Net income rose 6%.

Meanwhile, a cautious holiday outlook for e-commerce giant eBay sent their shares tumbling more than 5%. On Wednesday, eBay CEO John Donahoe cited uncertainty over the U.S. government situation as reason for the forecast. Later that evening, President Barack Obama signed a budget deal to end the shutdown.

The company did post solid gains during the third quarter, with revenue rising 14% to $3.9 billion and profits soaring 17%.

After the markets close Thursday, Google will reveal third quarter financial results, rounding out a busy week for technology stocks.

Last quarter, Google shares dove after the company's profit and revenue missed Wall Street forecasts. Since then, the company launched the Moto X, designed by Google-owned smartphone maker Motorola.

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For the third quarter, analysts predict an earnings per share of $10.35 off revenue of $14.8 billion.

Follow Brett Molina on Twitter: @bam923.